Notice on Executive Team for Integrated LP Gas Import and Wholesale Company

Cosmo Oil Co., Ltd. (“Cosmo Oil”; Keizo Morikawa, President), Showa Shell Sekiyu K.K. (“Showa Shell”; Shigeya Kato, Chairman/Group CEO), Sumitomo Corporation (Kuniharu Nakamura, President), and TonenGeneral Sekiyu K.K. (“TonenGeneral”; Jun Mutoh, President) have concluded an integration agreement (see earlier notice dated August 5, 2014) under which the four corporate groups will carry out absorption-type spin-offs of their LP gas import and wholesale operations and prepare to integrate these businesses on April 1, 2015, with Cosmo Petroleum Gas Co., Ltd.(a wholly-owned subsidiary of Cosmo Oil) as the receiving company. The four full-time directors of this integrated company have now been informally selected, and this notice provides their names as well as a list of the company’s principal business offices and the future schedule for integration.
It should be noted that this business integration is contingent on approval from the relevant authorities.

1. Full-time directors

Title

Name

Current position

President and Representative Director

Kazunori Yamamoto

President, Enessance Holdings Co., Ltd.

Executive Vice President and Director
(in charge of overseas/supply operations)

In addition to the above directors, four other (part-time) directors, one full-time corporate auditor, and three other corporate auditors are to be appointed (these appointments will be announced at a later date).